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Issa declines investigation into News Corp. phone hacking

For a congressman who isn’t afraid to start up an investigation, Rep. Darrell Issa (R-CA) sure was cautious when the idea of probing into News Corporation was presented to him. The House Oversight committee chairman appeared on Fox News Tuesday evening and declined to investigate the Murdoch corporation. News Corp.…

Issa declines investigation into News Corp. phone hacking

For a congressman who isn’t afraid to start up an investigation, Rep. Darrell Issa (R-CA) sure was cautious when the idea of probing into News Corporation was presented to him. The House Oversight committee chairman appeared on Fox News Tuesday evening and declined to investigate the Murdoch corporation. News Corp.…

News Corp will have to answer questions in Australia

CANBERRA (Reuters) – The Australian arm of News Corp will have to answer “hard questions” in Australia following the growing phone hacking scandal in the United Kingdom, Australian Prime Minister Julia Gillard said on Wednesday. Gillard said Australians had been “disturbed” by events in Britain, where Australian-born Rupert Murdoch and…

News Corp to emerge ‘a stronger company’: Murdoch

Embattled Rupert Murdoch on Wednesday vowed News Corp. would bounce back from the phone-hacking scandal, saying he would never tolerate such behaviour at his global media empire. “I want all of you to know that I have the utmost confidence that we will emerge a stronger company,” he said in…

LulzSec claims to have obtained trove of News Corp. emails

Online hacking group LulzSec said Monday night it had obtained a large cache of emails from the servers of News International, the News Corp. subsidiary which oversees global media baron Rupert Murdoch’s British newspapers. Along with the emails, LulzSec said it had unearthed the email logins and passwords for News…

News Corp shares recover ground in Australia

News Corp. shares recovered some ground on bargain-hunting in Australian trade Tuesday amid reports that under-fire tycoon Rupert Murdoch could step down as chief executive. The stock closed 2.40 percent, or 34 cents, higher at Aus$14.50, with one analyst saying the firm had been oversold, losing about a fifth of…

Rupert Murdoch might step down as News Corp CEO: report

News Corporation owner Rupert Murdoch might be replaced by Chief Operating Officer Chase Carey as CEO of the company, but still remain chairman, according to Bloomberg. People with knowledge of the situation said that whether or not the 80-year-old Australian media mogul steps down as CEO depends in part on…

Hacking scandal earns News Corp. credit warning

WASHINGTON — Standard & Poor’s on Monday placed News Corp.’s credit rating on a negative watch citing increased business and reputation risks from investigations into the widening phone hacking scandal in Britain. “Since our last research update on July 13, the UK legal process has expanded and pressure from US…

Former Fox News producer claimed network’s ‘Brain Room’ led to phone hacking

A former producer with Fox News claimed in a lengthy essay gaining new traction this week that the conservative television station has a “Brain Room” in its New York headquarters which enables employees to view private telephone records with ease. Though published years ago, the allegations have returned to relevance…

Attorney General Holder formally announces News Corp. probe

U.S. Attorney General Eric Holder said Friday the Department of Justice would launch an investigation of Rupert Murdoch’s media empire at News Corporation, to determine if anyone at the company attempted to spy on or bribe American citizens or officials. “There have been members of Congress in the United States…

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